121,807 Shares in Two Harbors Investments Corp $TWO Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $1.63 million in Two Harbors Investments Corp, acquiring 121,807 shares, which constitutes about 0.12% of the company as per their recent SEC filing.
• Several institutional investors have increased their stakes in Two Harbors, with LPL Financial boosting its holdings by 36.7%, reflecting increased confidence in the real estate investment trust.
• Analysts have recently adjusted their price targets for Two Harbors Investments, with the average target now set at $12.43 and the stock receiving a mix of ratings, including three "Buy" and five "Hold."

Caxton Associates LLP purchased a new position in Two Harbors Investments Corp (NYSE:TWO - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 121,807 shares of the real estate investment trust's stock, valued at approximately $1,627,000. Caxton Associates LLP owned 0.12% of Two Harbors Investments at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TWO. CWM LLC increased its holdings in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after buying an additional 890 shares during the period. Montag A & Associates Inc. increased its holdings in Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after buying an additional 1,193 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Two Harbors Investments by 233.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 4,552 shares during the period. Wolverine Trading LLC grew its stake in shares of Two Harbors Investments by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 9,443 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in shares of Two Harbors Investments during the 1st quarter worth approximately $140,000. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Trading Up 0.3%

Shares of NYSE TWO traded up $0.04 during trading on Monday, hitting $10.09. 529,803 shares of the company were exchanged, compared to its average volume of 1,701,311. Two Harbors Investments Corp has a 12-month low of $9.49 and a 12-month high of $14.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average price of $10.07 and a 200-day moving average price of $11.20. The firm has a market capitalization of $1.05 billion, a PE ratio of -2.83 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The business had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. As a group, equities research analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments's payout ratio is currently -38.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TWO shares. Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Maxim Group dropped their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, July 29th. UBS Group dropped their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.43.

Insider Activity at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the transaction, the executive owned 160,281 shares in the company, valued at $1,606,015.62. The trade was a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Two Harbors Investments Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.